Forgiveness Platform Lender Submission Metrics, Data as of May 15 (SBA file date: 2022-05-15)
Summary
The May 16, 2022 edition carries data through May 15. Forgiveness has been requested for 89% of all PPP loans; 88% are fully or partially forgiven, and 92% of loan value is forgiven in full or in part. For 2020 loans the requested share is 97%, for 2021 loans it is 82%, and 83% of the 2021 loan value is forgiven. The report names 4,743 lenders for all loans, 4,685 for 2020 loans and 4,550 for 2021 loans.
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“Forgiveness Platform Lender Submission Metrics, Data as of May 15 (SBA file date: 2022-05-15).”
Original at legacy.sba.gov. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/sba-2022-ppp-forgiveness-platform-lender-submission-metrics-reports-20-5ec9167199/
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Forgiveness Platform Lender Submission Metrics | May 15
Data as of May 15, 11:59 PM ET
Summary
Total PPP Loan Population Forgiveness Requests To Date Payments To Date
Total Forgiveness Amount
Count of Loans Total Loan Value Count of Applications Count of Payments Total Forgiveness Paid
Requested
10,122,641 $731,358,633,270 10,066,096 $727,609,650,221
11,400,385 $788,467,045,312 89% of all PPP loans have Forgiveness has been requested
88% of all PPP loans have been 92% of the total PPP loan value has
submitted forgiveness for 93% of the total loan value of
fully or partially forgiven been forgiven, in full or in part
applications all PPP loans
4,743 lenders have requested forgiveness for all PPP loans
Number of Submissions, by Loan Amount Value of Submissions, by Dollar Amount
>= $2,000,000 35,245 >= $2,000,000 $111,252
94.9% 99.5%
33,436 $111,862
$150,000-$1,999,999 926,782 $150,000-$1,999,999 $366,630
871,455 94.0%
$369,307
99.3%
$50,001-$149,999 1,507,950 $50,001-$149,999 $125,679
1,451,375 96.2% 99.3%
$126,605
<= $50,000 8,930,408 <= $50,000 $127,798
7,766,375 98.6%
87.0% $129,628
0 2,000,000 4,000,000 6,000,000 8,000,000 10,000,000 $- $100,000 $200,000 $300,000 $400,000
% Submitted Total Loans Submissions Millions
% of Loan Value Forgiven Submission Value ($M) Loan Value ($M)
May 16, 2022
Forgiveness Platform Lender Submission Metrics | May 15
Data as of May 15, 11:59 PM ET
2020 PPP Loan Population
2020 PPP Loan Population Forgiveness Requests To Date Payments To Date
Total Forgiveness Amount
Count of Loans Total Loan Value Count of Applications Count of Payments Total Forgiveness Paid
Requested
4,918,250 $502,315,392,308 4,896,707 $501,404,644,999
5,074,504 $517,883,474,722 97% of 2020 PPP loans have Forgiveness has been requested 97% of the total 2020 PPP loan
96% of 2020 PPP loans have
submitted forgiveness for 97% of the total loan value of value has been forgiven, in full or
been fully or partially forgiven
applications 2020 PPP loans in part
4,685 lenders have requested forgiveness for 2020 PPP loans
Number of Submissions, by Loan Amount Value of Submissions, by Dollar Amount
>= $2,000,000 28,822 >= $2,000,000 $98,786
28,066 97.4% 99.4%
$99,378
$150,000-$1,999,999 624,329 98.5% $150,000-$1,999,999 $262,573
615,164 $264,955
99.1%
$50,001-$149,999 964,236 $50,001-$149,999
99.1% $81,984 99.0%
955,152 $82,822
96.0%
<= $50,000 3,457,117 <= $50,000 $58,972
3,319,868 $60,594 97.3%
0 1,000,000 2,000,000 3,000,000 4,000,000 $- $100,000 $200,000 $300,000
% Submitted Total Loans Submissions % of Loan Value Forgiven Submission Value ($M) Loan Value ($M) Millions
May 16, 2022
Forgiveness Platform Lender Submission Metrics | May 15
Data as of May 15, 11:59 PM ET
2021 PPP Loan Population
2021 PPP Loan Population Forgiveness Requests To Date Payments To Date
Total Forgiveness Amount
Count of Loans Total Loan Value Count of Applications Count of Payments Total Forgiveness Paid
Requested
5,204,391 $229,043,240,962 5,169,389 $226,205,005,222
6,325,881 $270,583,570,589 82% of 2021 PPP loans have Forgiveness has been requested 83% of the total 2021 PPP loan
82% of 2021 PPP loans have
submitted forgiveness for 85% of the total loan value of value has been forgiven, in full or
been fully or partially forgiven
applications 2021 PPP loans in part
4,550 lenders have requested forgiveness for 2021 PPP loans
Number of Submissions, by Loan Amount Value of Submissions, by Dollar Amount
>= $2,000,000 6,423 >= $2,000,000 $12,465 99.9%
5,370 83.6% $12,484
$150,000-$1,999,999 302,453 $150,000-$1,999,999 $104,057
256,291 84.7% $104,352
99.7%
$50,001-$149,999 $43,695 99.8%
$50,001-$149,999 543,714 $43,783
496,223 91.3%
<= $50,000 $68,826 99.7%
<= $50,000 5,473,291 $69,033
4,446,507
81.2%
$- $20,000 $40,000 $60,000 $80,000 $100,000
0 1,000,000 2,000,000 3,000,000 4,000,000 5,000,000 6,000,000
Millions
% of Loan Value Forgiven Submission Value ($M) Loan Value ($M)
% Submitted Total Loans Submissions
May 16, 2022
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